Risky Business

Human Security Collective•www.hscollective.org

Welcome to Risky Business, a podcast by Human Security Collective, which interrogates how nonprofits are caught up in FATF’s counter-terrorism financing framework. How do you alleviate the overregulation, suppression, and financial exclusion faced by NPOs caught in a web of regulations and policies aimed at combating financial crime? Do we stick to an evolutionary approach, refining FATF's Recommendations or consider a revolutionary approach? Join us as we unpack these issues, focusing on the Recommendation itself, the national context, the market, and on FATF accountability and transparency.

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Episodes

Episode 4: FATF Accountability ‘Why kill the golden goose?’

In our final episode, we explore the topic of FATF's accountability and the potential for reform. We'll discuss key criticisms of its processes, including concerns about transparency, effectiveness, and the unintended consequences of its policies on nonprofits. Join us as we wrap up the series with a forward-looking discussion on the future of FATF and its implications for civil society.

Dec 05, 2024•14 min

Episode 3: Markets - "Markets [Are] Dancing to Another Drumbeat"

In this episode, we examine how the financial sector has responded to FATF’s Recommendation 8, with a focus on de-risking and its widespread effects on non-profits. We'll explore the role of financial institutions and how regulatory pressures shape their actions, impacting the nonprofit sector's ability to operate. Join us as we navigate the complex interplay of market responses and regulatory impacts across the financial landscape.

Nov 28, 2024•30 min

Episode 2: The National Context: ‘Using a cannon to kill a mosquito’

In this episode, we shift our focus to the national context of FATF’s Recommendation 8. We explore how various countries have implemented this standard, often leading to overregulation and unintended consequences for nonprofits. We also examine FATF’s response and discuss how risk assessments and mutual evaluations can be leveraged to better support nonprofit organizations.

Nov 21, 2024•30 min

Episode 1: The Standard: ‘Recommendation 8 is not going to find you any terrorists’

In this first episode, we dive into FATF’s Recommendation 8 and its unique focus on the nonprofit sector. Discover how nonprofits became part of counter-terrorism financing frameworks through this standard, why it’s seen as a “category error,” and what future changes are needed.

Nov 14, 2024•25 min

Intro

Welcome to Risky Business, a podcast by Human Security Collective, which interrogates how nonprofits are caught up in the FATF counter-terrorism financing framework. How do you alleviate the unwarranted overregulation, suppression and financial exclusion faced by NPOs caught in a web of legislative, regulatory and policy developments set up to combat financial crime? Do we stick to an evolutionary approach, and keep refining the FATF Recommendations and their implementation at national level or ...

Nov 08, 2024•2 min

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